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CHURCHILL DOWNS REPORTS FIRST HALF REVENUES, EARNINGS INCREASE

 LOUISVILLE, Ky., Sept. 10 /PRNewswire/ -- Churchill Downs, Inc. (NASDAQ SmallCap: CHDN) reported record revenues and net income for the six months ended July 31.
 Net income for the first half was $8.3 million, or $2.20 per share, up 14 percent from the first half of 1992. Revenues were $43.2 million, up 10 percent from the same period last year.
 On-track attendance for the 54-day Spring Meet was equal to 1992, while handle was up 5 percent to $100.3 million. Intertrack wagering handle was up 12 percent to $31.9 million. Interstate wagering into a common mutuel pool with Churchill Downs grew from $9.2 million in 1992 to $31.8 million, as the number of outlets increased from 2 last year to 13 this Spring.
 Churchill Downs Incorporated is a publicly held company that conducts Thoroughbred racing. The track was established in 1874 and is the home of the Kentucky Derby, which will hold its 120th running on May 2, 1994. Churchill Downs will be the site of the $10 million Breeders' Cup championship on Nov. 5, 1994, having previously hosted the event in 1988 and 1991. The company's stock trades on the NASDAQ SmallCap Market under the symbol CHDN.
 Churchill Downs currently is pursuing a pari-mutuel license in Virginia and a riverboat license in southern Indiana. The company recently announced it will invest in a pari-mutuel racetrack in Anderson, Ind.
 -0- 9/10/93
 /CONTACT: Communications, Churchill Downs, 502-636-4460/
 (CHDN)


CO: Churchill Downs, Inc. ST: Kentucky IN: LEI ENT SU: ERN

CM -- CH004 -- 0850 09/10/93 15:44 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
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